Funding arb · Price arb /

SUI

all SUI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0101%/8h= +11.0% APRpaid last 24h +0.066%

Price spread now: Gate against Bluefin+0.069%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on Bluefin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.069%, 7d avg +0.100%

Together, before fees−0.162%−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.032% cheaper against Bluefin than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.100%). If the spread goes back, that is −$3 on $10k: about 25 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.188%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bluefin SUI-PERP	1.0198	−0.0001	get 0.0000% / 1h	2m 38s	$585K	$430K	25x
Short	Gate SUI_USDT	1.0205	0.0100	get 0.0100% / 8h	2h 02m	$168.3M	$86.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bluefin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BluefinbpFee GatebpOrdersPrice spread, now +0.069%Rate

Funding earned: $21.18
Price spread: +0.069% → +0.100%: −$3.18
Slippage, 4 orders: −$27.96
Fee Bluefin: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$31.96
Costs to cover: 0.500%
Break-even: 17.6 days

Slippage from Bluefin: live order book, 46 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bluefin live order book, 46 min ago	1.47 bp	13.3 bp −$13	53.7 bp −$537	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.98 bp	12.3 bp −$12	23.0 bp −$230	53.0 bp −$5,303	97.3 bp −$48.6K

SUI on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective SUI/USDC PERP	−0.3309%	1h	1.0018	−1.765%	$41K	$123K	12x	as long as short
Reya SUIRUSDPERP	−0.0379%	1h	1.0205	+0.066%	$4K	$3K	20x	as long as short
Hibachi SUI/USDT-P	−0.0184%	1h	1.0216	+0.174%	$5K	$19K	7x	as long as short
Bluefin SUI-PERPlong	−0.0001%	1h	1.0198	long leg	$585K	$430K	25x
dYdX SUI-USD	0.0000%	1h	1.0209	+0.107%	$96K	$294K	10x	as long as short
Kalshi KXSUIPERP	0.0000%	8h	1.0216	+0.177%	$380K	$5.1M	2.5x	as long as short
Deribit SUI_USDC-PERPETUAL	0.0000%	1h	1.0212	+0.137%	$196K	$564K	25x	as long as short
gTrade (Gains Network) SUI/USD	L +0.0003% / S −0.0003%	1h	1.0208	+0.095%	$115K	—	150x	as long as short
Lighter SUI	+0.0096%	1h	1.0208	+0.099%	$792K	$5.5M	10x	as long as short
Lighter RH SUI	+0.0096%	1h	1.0212	+0.141%	$298K	$2.2M	10x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex SUIUSDT	+0.0096%	1h	1.0213	+0.147%	$33K	$548K	50x	as long as short
Orderly PERP_SUI_USDC	+0.0100%	8h	1.0210	+0.118%	$47K	$217K	20x	as long as short
Paradex SUI-USD-PERP	+0.0100%	8h	1.0205	+0.066%	$27K	$9K	30x	as long as short
Nado SUI-PERP	+0.0100%	1h	1.0207	+0.088%	$542K	$2.1M	10x	as long as short
Aster SUIUSDT	+0.0100%	8h	1.0213	+0.144%	$903K	$4.3M	75x	as long as short
Pacifica SUI	+0.0100%	1h	1.0209	+0.104%	$220K	$257K	10x	as long as short
Binance SUIUSDT	+0.0100%	8h	1.0210	+0.118%	$146.8M	$1.05B	75x	as long as short
Bybit SUIUSDT	+0.0100%	8h	1.0206	+0.078%	$99.9M	$321.0M	50x	as long as short
OKX SUI-USDT-SWAP	+0.0100%	8h	1.0206	+0.078%	$40.9M	$391.9M	50x	as long as short
Arcus SUI-USD	+0.0100%	1h	1.0210	+0.118%	$43K	$329K	10x	as long as short
Bulk SUI-USD	+0.0100%	1h	1.0208	+0.094%	$240K	$2K	10x	as long as short
Gate SUI_USDTshort	+0.0100%	8h	1.0205	+0.069%	$168.3M	$86.2M	50x
MEXC SUI_USDT	+0.0100%	8h	1.0208	+0.098%	$152.0M	$295.4M	300x	as long as short
KuCoin SUIUSDTM	+0.0100%	8h	1.0210	+0.118%	$49.7M	$53.6M	75x	as long as short
Bitget SUIUSDT	+0.0100%	8h	1.0205	+0.069%	$67.3M	$178.1M	75x	as long as short
BingX SUI-USDC	+0.0100%	8h	1.0208	+0.098%	—	$6.5M	—	as long as short
Backpack SUI_USDC_PERP	+0.0100%	1h	1.0210	+0.118%	$668K	$1.4M	20x	as long as short
Variational Omni SUI	+0.0100%	8h	1.0225	+0.262%	$2.4M	$3.5M	—	as long as short
edgeX SUIUSDC	+0.0100%	4h	1.0214	+0.157%	$165K	$4.6M	20x	as long as short
GRVT SUI_USDT_Perp	+0.0100%	8h	1.0208	+0.101%	$442K	$7.6M	10x	as long as short
ApeX Omni SUIUSDT	+0.0100%	1h	1.0213	+0.147%	$224K	$424K	50x	as long as short
Polymarket Perps SUI-USD	+0.0100%	1h	1.0215	+0.167%	$134K	$651K	10x	as long as short
SunX SUI-USDT	+0.0100%	8h	1.0226	+0.275%	$2K	$1.7M	30x	as long as short
SoDEX SUI-USD	+0.0100%	1h	1.0215	+0.167%	$6K	$1.9M	10x	as long as short
HTX SUI-USDT	+0.0100%	8h	1.0211	+0.127%	$617K	$19.3M	75x	as long as short
Phemex SUIUSDT	+0.0100%	8h	1.0212	+0.137%	$11.7M	$27.9M	50x	as long as short
Extended SUI-USD	+0.0104%	1h	1.0205	+0.068%	$1.4M	$4.1M	50x	as long as short
Aevo SUI-PERP	+0.0104%	1h	1.0210	+0.119%	$39K	$11K	3x	as long as short
01 Exchange SUIUSD	+0.0144%	1h	1.0217	+0.186%	$9K	$3K	10x	as long as short
Kraken Futures PF_SUIUSD	+0.0172%	1h	1.0217	+0.182%	$6.8M	$25.0M	50x	as long as short
BloFin SUI-USDT	+0.0220%	8h	1.0215	+0.167%	$7.6M	$24.9M	100x	as long as short
Coinbase International SUI-PERP-INTX	+0.0248%	1h	1.0215	+0.167%	$1.0M	$15.1M	50x	as long as short
Hyperliquid SUI	+0.0382%	1h	1.0217	+0.187%	$73.5M	$82.7M	10x	as long as short
Phoenix SUI	+0.0416%	1h	1.0233	+0.339%	$203K	$422K	10x	as long as short
GMX SUI/USD [ETH-USDC]	L +0.0602% / S −0.0263%	1h	1.0209	+0.104%	$938K	—	100x	as long as short
Aftermath Perps SUIUSD	+0.1406%	1h	1.0210	+0.122%	$83K	$408K	10x	as long as short